Munson Building
(New York City)
First Mortgage Fee 15-Year 614% Sinking Fund 1939 Loan
Amount: $4,000,000; outstanding, $3,385,000.
Dated: May 1, 1924.
Maturity: May 1, 1939.
Interest: May and November 1st.
Denominations: $1,000 and $500.
Taxes: 2% Federal—Penn., Conn., Maryland, Mass, D. C.
Redemption: 105 to 1934—thereaiter 1% less each succeeding
year.
Legal for the Investment of Trust Funds in New York.

Assessed 1930: $4,300,000.
Appraised: .
Joseph P. Day, Inc......... ~v... $6,010,000
Wm, Kennelly & Co, Inc..........  ........ 6,075,800
Security: Fee estate in 12,160 sq. ft. of land, and the 25-story
building erected thereon, at 67 Wall Street, known as the
Munson Building—well located in the Wall Street district
of downtown Manhattan.
Guarantor: These bonds are guaranteed by Munson Steamship
Lines, which controls the Obligor through stock ownership.
Earnings: The earnings of the building are consolidated with
the earnings of the guarantor, whose balance sheet as of
June 30, 1928, shows capital and surplus of $9,683,782.
Price Range: January-May, 1930—97146-97%.

Equitable Office Building
(New York City)
35-Year Sinking Fund 1952 5% Debentures
Amount: $10,500,000; retired, $1,957,000; outstanding, $8,537,000.
Dated: September 1, 1917,
Maturity: May 1, 1952.
Interest: May and November 1st.
Denominations; $1,000.
Taxes: None.
Redemption: At par.
Trustee: Empire Trust Company.

BG